The OPIC Blog

Archive for the Renewables Tag

OPIC partner Lumos recognized in “transformational business” awards

  Nova Lumos, an OPIC partner that is introducing home solar systems in Nigeria, was recognized with a special commendation in Financial Times/International Financial Corporation’s Transformational Business Awards for achievement in low-carbon urban transformation. Lumos was recognized as “a company whose impact goes well beyond its sector by offering a novel and affordable solution to the acute challenge of access Read more…

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OPIC committed to continued support of renewable energy projects in India

  This week’s historic agreement between the U.S. and India to address climate change recognizes the need for private investment and will work to support early stage projects seeking financial support from OPIC. The new U.S. India Clean Energy Finance Initiative will raise and deploy up to $20 million in project preparation support, sourced from U.S. foundations and the government Read more…

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Featured Photo: Homework continues after the sun goes down

Two students in India continue working on their homework after the sun goes down with the use of Greenlight Planet’s portable solar light. OPIC provided a $5 million in financing to help Greenlight Planet introduce affordable solar lighting and phone charging stations in emerging markets around the world. Chicago-based Greenlight Planet has its roots in the University of Illinois, where Read more…

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How to make every day Earth Day

While investment in renewable energy in developing countries continues to set records, “OPIC is cognizant of how much remains to be done,” OPIC President and CEO Elizabeth L. Littlefield writes in a piece in The Huffington Post ahead of Earth Day. Littlefield looks at the challenges and lessons learned from investing in renewable resources in emerging markets. “We are learning Read more…

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Developing countries play a vital role in the health of the earth

Thirty-six years after the first Earth Day demonstrations, there is a growing understanding that as we work to build a healthier earth, we must consider the whole earth — from the major cities of our wealthy countries, to remote villages in the developing world, OPIC Vice President Judith Pryor writes on Medium. Today more than half the world’s annual investment Read more…

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“The most predictable economic transformation in modern times:” OPIC COO John Morton featured in Quartz

Renewable energy investment in developing countries jumped 36 percent between 2013 and 2014 and now exceeds the level of renewable energy invested in developing economies, OPIC Chief Operating Officer John Morton, wrote in this piece in Quartz that examines the large investment in energy infrastructure that will be needed worldwide to keep up with a growing population. “Leading nations, with comparatively Read more…

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Featured photo: Solar panels offer a clean source of electricity in rural India

  As the Paris Climate Conference (COP21) brings together leaders from every end of the globe to share ideas on what we can do to combat climate change, we’re highlighting one of the several projects we’ve supported to help introduce renewable energy in developing countries around the world. Here, a worker in rural India prepares to install a portable solar Read more…

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Featured photo: Diversifying Peru’s energy production

Plant workers join Peruvian President Ollanta Humala for a ceremony dedicating a 20 MW photovoltaic plant near Moquegua, Peru on November 10. Supported by an OPIC loan, the Solarpack project is supplying power to Peru’s national grid and will serve approximately 360,000 people. Renewable energy as a group composes only 0.6 percent of Peru’s energy mix. The project is having Read more…

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OPIC featured on State Department’s Dipnote Blog

“This year has been declared the “Year of Light.” It is easy to see why.” OPIC President and CEO Elizabeth Littlefield wrote in a recent post on the State Department’s DipNote blog. “Roughly 1.3 billion of the world’s poorest still have no access to electricity. Small-scale, off-grid renewable power, mostly solar, is now accomplishing what far too many governments in Read more…

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On World Energy Day a look at one innovative OPIC partner that delivers solar power in a box

On World Energy Day, we feature a young girl in Nigeria who is able to do her homework after dark with the help of a solar light powered by Lumos, an OPIC partner that provides off-grid solar solutions to remote communities. With the support of OPIC financing, Lumos will be able to provide power access to some of the nearly Read more…

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